Magna International, the giant international parts supplier, will use this year's EcoXperience ride & drive track at the Detroit Auto Show as a backdrop to launch their new global unit, E-Car Systems. As one might deduce from its name, this new unit will offer electric technology integration services to automakers, helping them develop hybrid-electric (HEVs) and all-electric vehicles (EVs).
Over on General Motors' Europe "Driving Conversations" blog, VP John Smith has posted an update on the company's negotiations to sell a majority stake in Opel and Vauxhall. Although no final decision has been made yet, it's looking increasingly likely that the previous tentative agreement with Magna International may be usurped by a bid from RHJ International. This, despite the fact that the German government has been favoring the Magna bid because of the suppliers commitment to preserving jobs
It looks like Ford won't be the only company getting lithium ion battery packs from Magna International. The Magna Steyr division of the supplier announced last week that it will begin production of packs at its plant in Graz, Austria next month. The packs will be supplied to Volvo for use in its buses, heavy duty trucks and garbage trucks equipped with hybrid powertrains. Volvo uses a parallel hybrid system for its vehicles.
Magna tried and lost when Chrysler was for sale. Pulling a Marchionne, Magna's now trying to win GM Europe's Opel division for itself, and rumor is that Saturn is also on the shopping list. GM would get much-needed capital for the transactions, but it could also be facing its old properties as new competition. Of course, coughing up the money might be difficult, considering Magna's taken a shellacking so far this year.
Magna International is the third largest auto supplier in the world and it now appears the company was very lucky to escape buying Chrysler last year. Having survived to fight another day, the company has recently been working to develop a complete electric car. The company is currently developing all the systems necessary for an electric car, including the propulsion systems and electrically-driven accessory systems. The Canadian company is looking for an automaker to partner with on production
As vehicles get more and more complex, auto suppliers will need everything in their arsenal to win major contracts from automakers. According to an article on Just-Auto (sub. req'd), by the year 2012, automotive suppliers will bear more than half of the total research and development of a given automobile. What this means for suppliers is that they need to stay at the forefront in environmental technologies. Increasingly complex systems will be necessary for automobiles to meet stringent emissio
Those who follow the automotive industry closely are surely familiar with Magna International, one of the largest auto parts suppliers in the world -- so large, in fact, that the company was actually in on the bidding to purchase Chrysler from Daimler last year. Now it seems that the global company is throwing its hat into the plug-in hybrid ring. Magna founder Frank Stronach says, "You don't have to be a great scientist to know that we're going to be out of oil sooner or later." The company is
At the Geneva Motor Show earlier in March contract vehicle assembler Magna Steyr unveiled a concept for a small, lightweight off-roader called the Mila Alpin. The Mila Alpin was designed to accommodate a variety of different power-trains including hybrids and electric drives. According to German mag Auto Motor und Sport, they are now talking with both BMW and Mercedes about potentially using the Mila Alpin architecture to underpin new models from the German manufacturers. Since Magna doesn't pro